mkt crash 87, page-3

A stretch to compare them. Copper is like petrol i.e. it is "demand inflexible". We need it whether we can get it or not. With global copper delivery likely to fall short of demand this year by 100,000 tons or so, prices should continue to spike. Supply will eventually step up but demand will also continue to increase as China and India industrialize. Historically this is unprecedented, there has never been a "copper shock" before and so any comparison is meaningless.